“Climate-smart finance is critical to fighting poverty and meeting development goals.” -The World Bank
I have been reviewing literature and resources to learn all I can about climate finance. An interesting learning this week is that there is not an agreed upon definition of climate finance. However, The World Bank provides an excellent overview about climate finance and its projects to help countries adapt to a changing climate and mitigate the impacts of climate change. I discovered this useful definition of climate finance developed by The World Bank: “the flows of capital from both public and private sources that support and finance climate-smart investments and aim to achieve climate change adaptation and mitigation objectives.”